Course content

    1. Presentation

    2. Recording

About this course

  • $44.00
  • 1 CPD hour
  • August 31, 2022

Course Description

This webinar will explain the key changes to the revised Canadian Auditing Standards (CAS) 315 Identifying and Assessing the Risks of Material Misstatement. We will help prepare practitioners to get ready to implement revised CAS 315. The revisions to this standard will result in significant changes to the audit planning and risk assessment process for all audits. This revised CAS will be effective for audits of financial statements on or after December 15, 2021.

Key changes include:

  • Enhanced guidance on the auditor’s understanding of internal controls
  • Introduction of new IT-related concepts (including data analytics)
  • New concepts and terms related to risk assessment, such as stand-back and spectrum of inherent risk

It is strongly recommended that audit practitioners understand these critical changes to CAS 315 as soon as possible as they will significantly affect all firms’ audit methodologies.

Instructor(s)

Garth Sheriff

Garth Sheriff, CPA, CA, CPA (Illinois), CIA, CGMA, MAcc, is the founder of Sheriff Consulting (sheriffconsulting.com) and Sheriff Consulting Online (online.sheriffconsulting.com).

Sheriff Consulting specializes in the design and delivery of assurance, accounting, and communication skill professional development courses. The mission of Sheriff Consulting is to provide an engaging approach to your professional development.

Garth has worked as an assurance professional and learning provider for over 20 years. He has prepared and trained CPAs for key changes to the profession, including internal control documentation (SOX), Canadian Auditing Standards (CAS) and Canadian Standards on Review Engagements 2400 (CSRE 2400).

He earned a Master of Accounting and a Bachelor of Arts (Honours - Accounting) from the University of Waterloo, Canada. He is a member of the Chartered Professional Accountants of Ontario (CPAO), American Institute of Certified Public Accountants (AICPA) and the Institute of Internal Auditors (IIA).